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Qualifying shareholders take up 68% as remainder stays with conditional placees
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Placing and open offer follows recent acquisition of US annuity provider
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Finland’s Citycon is set to raise €400m through the sale of new shares as the Canada Pension Plan Investment Board takes a significant stake in the shopping mall owner. -
The Co-operative Bank has launched a £400m cash call, turning to its shareholders to raise additional equity to strengthen its capital position.
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UK regional newspaper group Johnston Press finally launched a multifaceted reorganisation of its capital structure on Friday, which will help the group's turnaround plan.
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The National Bank of Greece’s €2.5bn equity raise, completed on Thursday night, was the latest Greek bank capital raise to see a flood of high quality, real money investors, which market participants have credited with allowing the country’s banks to levy the almost €10bn of capital required to bring the sector back to health, write Nina Flitman and Andrew Griffin.
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The National Bank of Greece’s €2.5bn equity raise was oversubscribed when it closed on Thursday afternoon, as a broad range of international real money investors flood back into the southern European markets.
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Bank of America Merrill Lynch and Deutsche Bank led an accelerated bookbuild for Germany’s Lanxess on Wednesday night as the speciality chemical company increased its share capital by 10%.
